A legal bookmaker offers its clients to match the price variation of the month with a fixed payout. How is the bidding system you use?
By Fabian Red
28/04/2023 – 16,30hs
Among the many adverse effects of inflation, the most direct is the loss of any price referenceespecially when the acceleration is continuous and with a particular dynamic in each sector due, for example, to the multiple exchange rates that play in our economy.
In this incomprehensible tangle, even for the most prestigious national and international professionals, online betting found a vein to build a base, offer a product and earn money.
In an unusual way, a legally installed bookmaker in Argentina offers its clients “bet” on what will be inflation in April.
For that, uses an offer similar to that of sports betting. He put together a scale of possibilities and quoted it, offering rewards ranging from multiplying each peso wagered by 2 or up to a maximum of 6.75.
The progression is as follows:
- 7.1% and 7.2%: 6.75 per peso wagered.
- 7.3% and 7.4%: 4 per peso bet.
- 7.5% and 7.6%: 3.3 per peso wagered.
- 7.7% and 7.8%: 2.85 per peso wagered.
- 7.9% and 8%: 2.2 per peso wagered.
Other value: 2 per dollar wagered.
A week ago the quotas were like this:
- 7.1% and 7.2%: 6.75 per peso wagered
- 7.3% and 7.4%: 3.30 per peso wagered
- 7.5% and 7.6%: 1.65 per peso wagered
- 7.7% and 7.8%: 2.00 per peso wagered
- 7.9% and 8.0: 2.85 per peso wagered
The change in just seven days shows the deterioration of inflation expectations and for the Bplay sportsbook near the end of the month, the “favorite” price change is the closest to 8% or above 8%.
Among the effects of inflation, the most direct is the loss of any price reference
How bets are placed
To place the bet, you have to subscribe to the page and make a transfer of money to an account, which can also later be applied to games. The withdrawal of an eventual profit can also be requested through a bank account. Given the licensing design for the exploitation of online betting, it is only available to residents of the City of Buenos Aires, in the province of Buenos Aires, and in Santa Fe and Entre Ríos.
To participate in this forecast There is time until Sunday, April 30 at 6:00 p.m.. Therefore, the “sports” (payments) of the bets can vary until that moment.
The bet will be paid when the National Institute of Statistics and Censuses (INDEC) reports the evolution of the Consumer Price Index (CPI) at the national level next Wednesday, May 17.
The “experts” in this type of play in many cases look for combinations that allow them to take more than one option, at the risk of obtaining a smaller profit although with greater possibilities of “hit”.
Unlike other games, for this option bettors have some information tools that removes the portion of chance from all playful games.
A series of economic reports, plus the pulse of each pocket, can guide a “bet” with a high percentage of chances of success.
Online betting found a vein to build a base, offer a product and earn money
Inflation and soaring dollar generate uncertainty
The most recent works published by different consultancies indicate that inflation in April will be very close to 8% or could even exceed it.
The soaring of the dollar in the last week struck against the entire price system, even causing the closure of shops due to the uncertainty of the replacement values.
At the beginning of the month, the Central Bank had released the Survey of Market Expectations (REM) -a survey carried out among 40 local and international specialists- which forecast inflation of 6.5% for April, an estimate that was exceeded.
The margin of placing bets until Sunday at 6:00 p.m. gives bettors to observe the price movements of the last day of the month and also to carry out “an average” of the private studies that have been carried out, including the impact of the currency crisis. .
Until now, the betting system in Argentina was limited to sports and different online games, but options of this profile had not been disseminated.
However, it should be noted that in large international gaming houses there are similar alternatives.
Undoubtedly, the bookmaker seeks in this way to explore other variants to attract customers by expanding its spectrum.
Online gaming in Argentina began to develop more strongly since the pandemic and has legislation that respects the country’s federalism and gives each province the power to manage the game in its own way.
